jhuffman comments on General Bitcoin discussion thread (June 2011) - Less Wrong

4 Post author: SilasBarta 10 June 2011 11:21PM

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Comment author: atucker 12 June 2011 05:45:42AM * 0 points [-]

66% pullback in price this weekend. This certainly isn't a market for the fainthearted.

Clearly, the market is responding to people questioning its efficacy on Less Wrong. :P

My probability distribution looks something like 90% chance of going to 0 and 10% chance of going to multiple hundreds of dollars.

Are you buying bitcoins? Expected utility is in the multiple tens of dollars if you believe that.

Comment author: nazgulnarsil 12 June 2011 09:56:41AM 1 point [-]

I'm mining. And my utility is not uniform over my money. Money now is significantly more valuable than money will be once I graduate college.

If I had more disposable income I would have bought some directly.

Comment author: jhuffman 06 January 2012 09:59:12PM 1 point [-]

I'm curious, are you still mining? Also, are you living in a dorm with fixed electricity cost?

Comment author: nazgulnarsil 07 January 2012 09:56:14PM 1 point [-]

mining was unprofitable for a long while until just recently with the price recovery. mining now is worth it for the free heating.